U.S. Factories Buck Decline (mortgages, companies, banks, employment)

[Wonderful Jellal]

U.S. manufacturing, viewed as a lost cause by many Americans, has begun creating more jobs than it eliminates for the first time in more than a decade.
As the economy recovered and big companies began upgrading old factories or building new ones, the number of manufacturing jobs in the U.S. last year grew 1.2%, or 136,000, the first increase since 1997, government data show. That total will grow again this year, according to economists at IHS Global Insight and Moody's Analytics.


Among others, major auto makers—both domestic and transplants—are hiring. Ford Motor Co. announced last week it planned to add 7,000 workers over the next two years.
The economists' projections for this year—calling for a gain of about 2.5%, or 330,000 manufacturing jobs—won't come close to making up for the nearly six million lost since 1997. But manufacturing should be at least a modest contributor to total U.S. employment in the next couple of years, these economists say.


U.S. Manufacturing Picks Up - WSJ.com

it's really a wonderful article

[shaker281]

Ford is doing really well since they stopped scapegoating the UAW and addressed the real problem - bad management!

[MarySedici]

Stop job outsourcing, and will see millions of jobs will get back on the market.

[baystater]

Very good.
Generally I'd say we are really starting to see solid signs that we are clawing our way out of the deep hole we got in. I don't think we can see any light at the end of the tunnel yet....but....we're getting closer to see it.

[nsgjdennis]

Originally Posted by RenaudFR

U.S. manufacturing, viewed as a lost cause by many Americans, has begun creating more jobs than it eliminates for the first time in more than a decade.
As the economy recovered and big companies began upgrading old factories or building new ones, the number of manufacturing jobs in the U.S. last year grew 1.2%, or 136,000, the first increase since 1997, government data show. That total will grow again this year, according to economists at IHS Global Insight and Moody's Analytics.


Among others, major auto makers—both domestic and transplants—are hiring. Ford Motor Co. announced last week it planned to add 7,000 workers over the next two years.
The economists' projections for this year—calling for a gain of about 2.5%, or 330,000 manufacturing jobs—won't come close to making up for the nearly six million lost since 1997. But manufacturing should be at least a modest contributor to total U.S. employment in the next couple of years, these economists say.


U.S. Manufacturing Picks Up - WSJ.com

it's really a wonderful article

This is great news! I think that Manufacturing's problems had more to do with our over investment in Finance and Housing then anything. The returns on paper were better for Banks to invest in other Finance companies or mortgages then manufacturing for a long time. The recent economic mess has shown that we need a more balanced approach to investment.